Personal Property/Estate Auction
Why should I auction my items
instead of pricing and selling the items myself?
Auction is the way to determine the “true” market
value. Your items are only worth what someone is
willing to pay. When you price your items, you always
run the risk of over pricing or under pricing your
merchandise. Auction sales typically produce a much
larger financial return than yard or garage sales. We
market each auction and have a tremendous following of
our auctions. Red's Auction Company also has many
marketing resources and avenues that typically an
individual will not have access to. You also know
exactly when your items will be auctioned and when you
can expect a check. No waiting around to see if/when
your items will sell!
How often are auctions held at
your Auction House?
Auctions are held on the 2nd and last Saturdays of every
month at 5:00 PM. Other auctions are randomly scheduled
throughout the month including outdoor and box lot
auctions. Watch our website and newspapers ads for
Can an auction be held On-Site
at my location?
Yes, certainly. Each auction situation is different and
is determined by many factors. You should ask yourself
the following questions: Do I have enough quality
merchandise to get and maintain a large crowd for an
on-site auction. Is there adequate parking? If you
answered no to either of these questions you may want to
move your items to our auction house. If you are unsure
about whether or not to we should conduct your auction
on-site or at our auction house you can rely on the
expert opinions of any of our professional Associates.
How do I get started?
First, let’s determine if your items are suitable for
auction. We accept any Antiques, Furniture, both
Antique and Modern, Collectibles, Glassware, China, Home
Décor, Coins, Jewelry, Vehicles and more. It would
probably be easier for us to tell you what we don’t
accept. We don’t accept Clothes (unless vintage) and
General Household items.
Do I need to list my items?
No. Every item will be marked with a lot number or
stored in a designated area in order for us to assure no
two consignors items are confused. However, if you wish
to list your items you can download a consignment
form. This will make the drop off procedure quick and
Can you come to pick up my items
Yes. We offer a pick-up service for a nominal fee. The
fee is very reasonable compared to moving companies. We
have insured movers to handle your items with care. We
have 12 ft and 16 ft trailers for large jobs and pick-up
trucks and vans for small jobs. Of course, if you don’t
need this service you can make an appointment to bring
in your items.
Are there any upfront costs
involved in consigning my items?
No, absolutely not. The
commission and moving charges are deducted from the
proceeds of the auction.
How does Red's Auction Company
get compensated from consignors?
Red's Auction Company charges a very competitive
commission to sell your items. Our commission includes
all advertising and credit card fees. The commission is
deducted from the proceeds of the auction.
Who can consign items for
We accept consignments from both individuals and
dealers. We will accept one item or entire house or
business full of merchandise.
When will I receive my check for
You will receive your check within 10 days of the
Method of bidding in which a person who will not be
attending the auction completes a form indicating the
lots he/she wants to bid on and the amount he/she wants
to bid. The bids are then executed during the auction by
a staff member who will bid competitively on behalf of
the absentee bidder.
An auction at which lots are sold to the highest bidder
AS IS, WHERE IS
This phrase means that you are purchasing the item as it
is. If it is scratched, broken, incomplete, or won’t
work, that is the condition in which you buy it. If you
discover damage after bidding but before you check out,
you are still expected to pay for and remove the item.
If you discover damage after paying for the item, no
refunds are given for any reason. In other words,
preview, preview, preview!
Person whom the seller engages to direct, conduct or be
responsible for a sale by auction.
Buyer’s premium is the portion of the auction company’s
commission that is paid by the buyer. The buyer’s
premium is added to the successful bid and becomes part
of the total sale price. Red's Auction Company charges a
10% buyer’s premium.
Bidding method most often used when there are several
identical or similar lots being offered. When the
Auctioneer announces that he will be selling a group of
lots using “choice,” it means that the high bidder will
have the chance to take any or all of the lots in that
group, each at the price of the high bid. For example,
there are five lots of jewelry being offered by choice,
and the high bidder bids $100. That bidder can take one
for $100, all five for $500, or anything in between. If
there are any lots remaining after the high bidder
chooses, they are first offered to the back-up bidder
and then offered to the rest of the bidders until all
A single object or a group of objects offered for sale
as a unit.
Reserve is a minimum sale price set for a lot. For
example, if a seller does not want his item to sell for
less than $50, then $50 would be the reserve for that
lot. With few exceptions, Red's Auction Company sells
most consigned items Absolute.
SUBJECT TO SELLER’S CONFIRMATION
An auction where the seller has the right to accept or
decline the high bid. At Red's Auction Company, this is
most often used for real estate auctions.
TERMS AND CONDITIONS
The rules for a specific auction. Each auction’s terms
and conditions may vary and the bidder must understand
them before participating in an auction. Participation
in the auction indicates agreement to the terms and
conditions. Bidders must sign a registration form before
participating in an auction.